Legal Process Outsourcing Trends

Legal Process Outsourcing (LPO) INDUSTRY TRENDS Where Is The LPO Market Heading? $1,200m - - 35% $1,000m - 34% - 34% - 33% $800m - - 32% $600m - 31% - 31% $400m - 30% - 30% $200m - - 29% $0m - - 28% 2010 2011 2012 Market Size Market Growth LPO Trends 2012 Market size: $1.1 billion of annual sales Employment: 9000 people Growth: 32% in each of last 3 years Projected growth: 30%+ for next 3 years Legal Outsourcing Destinations: China India Philippines Singapore Argentina 43% of corporations and 72% of surveyed law firms were currently outsourcing, planned to in the future or were open to the possibility. 2015 market size: $2 billion in projected annual sales Service Type Doc Review / E-discovery 26% Contracts Management 22% Litigation Support 16% Legal Research 15% Financial Reviews E 8% Managed Reviews A 3% Drafting Negotiations 2% Legal Content Publishing 5% Drafting Negotiations 3% Sources: http://fronterion.com/press-release-top-10-lpo-trends-for-2012/ http://www.forbes.com/sites/benkerschberg/2011/05/16/legal- services-outsourcing-Iso-maximizing-comparative-advantage/ http://en.wikipedia.org/wiki/Legal_outsourcing http://www.statecapitalgroup.org/meetings/chicago/ CPA%20SCG%20-%200ct%2015%202012%20-%20Chicago.pdf